As per Finance Act 2013 passed by Government of Pakistan, following  are the rates of income tax on taxable income of salaried persons and salaried class:

  1. Where the taxable income does not exceed Rs 400,000, rate of tax is 0%;
  2. where the taxable income exceeds Rs 400,000 but does not exceed Rs 750,000, rate of tax is 5% of the amount exceeding Rs 400,000;
  3. where the taxable income exceeds Rs 750,000 but does not exceed Rs 1,400,000, rate of tax is Rs 17,500 + 10% of the amount exceeding Rs 750,000;
  4. where the taxable income exceeds Rs 1,400,000 but does not exceed Rs 1,500,000, rate of tax is Rs 82,500 + 12.5% of the amount exceeding Rs 1,400,000;
  5. where the taxable income exceeds Rs 1,500,000 but does not exceed Rs 1,800,000, rate of tax is Rs 95,000 + 15% of the amount exceeding Rs 1,500,000;
  6. where the taxable income exceeds Rs 1,800,000 but does not exceed Rs 2,500,000, rate of tax is Rs 140,000 + 17.5% of the amount exceeding Rs 1,800,000;
  7. where the taxable income exceeds Rs 2,500,000 but does not exceed Rs 3,000,000, rate of tax is Rs 262,500 + 20% of the amount exceeding Rs 2,500,000;
  8. where the taxable income exceeds Rs 3,000,000 but does not exceed Rs 3,500,000, rate of tax is Rs 362,500 + 22.5% of the amount exceeding Rs 3,000,000;
  9. where the taxable income exceeds Rs 3,500,000 but does not exceed Rs 4,000,000, rate of tax is Rs 475,000 + 25% of the amount exceeding Rs 3,500,000;
  10. where the taxable income exceeds Rs 4,000,000 but does not exceed Rs 7,000,000; rate of tax is Rs 600,000 + 27.5% of the amount exceeding Rs 4,000,000;
  11. where the taxable income exceeds Rs 7,000,000, rate of tax is Rs 1,425,000 + 30% of the amount exceeding Rs 7,000,000

28 Comments

  1. Pingback: NEW REVISED INCOME TAX SLAB RATES FOR SALARIED CLASS AS PER AMENDED FINANCE BILL 2013 | Masood & Masood (Pakistan Based Law firm)

    1. Masood

      Reference to your email below, the amended text of ITO,2001 states:

      “The tax payable by a full time teacher or a researcher, employed in a non profit education or research institution duly recognized by Higher Education Commission, a Board of Education or a University recognized by the Higher Education Commission, including government training and research institution, shall be reduced by an amount equal to 40% of tax payable on his income from salary”

      If the private institutions fullfills the aforesaid criteria than the employees will be eligible for the reduction in liability.

  2. M. Saeed

    Allah Almighty has fixed the rate of Zakat irrespective of incoem. But here in case of highly increased tax rates certainly people will take refuge of telling a lie.
    Saeed

  3. Pervez Iqbal

    Tax rebate reduced to 40% from 75% of Full time teacher is applicable to Income tax return to be submitted till 31st October 2013 or will be applied to the return to be submitted next year.

  4. Pervez Iqbal

    I myself have calculated a REFUND of about Rs. 28000/- but FBR has never issued me any document regarding this refund. I intend to adjust the REFUND on my own to the payable tax this year.
    Is there any method to detect the refund officially accepted by the FBR.
    Actually I miscalculated the tax payable last year and deposited the excess amount in govt. depository. Later while submitting my return on efbr portal i came to know that i had to claim my Full Time Teachers Rebate & now I want to adjust this Refund but i have no official document of this amount other than having it been deposited in Govt. treasury.
    From where can I conform my REFUND.

  5. Fahad Azeem

    where the taxable income exceeds Rs 750,000 but does not exceed Rs 1,400,000, rate of tax is Rs 17,500 + 10% of the amount exceeding Rs 750,000;…..

    i cant understand this slab??????

    If taxable income is 97000 per month then what is the income tax and how calculate ???

  6. Syed Afaq Ahmed

    A. O. A.
    Sir I would like to ask ‘What about Govt. Employees Income tax Return, if no change in movable and immovable property?’ Are they fill the return form or not.
    Other question is how we can search our NTN No if we missed No.
    Thanks in Advance
    From Syed Afaq Ahmed
    Asstt. Prof.

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